Atria Investments Inc Reduces Holdings in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Atria Investments Inc reduced its position in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 15.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,124 shares of the company’s stock after selling 727 shares during the period. Atria Investments Inc’s holdings in Victory Capital were worth $228,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in VCTR. Swedbank AB lifted its holdings in Victory Capital by 7.1% in the 2nd quarter. Swedbank AB now owns 750,000 shares of the company’s stock worth $35,798,000 after buying an additional 50,000 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Victory Capital in the first quarter worth about $1,431,000. Boston Partners purchased a new position in Victory Capital in the first quarter valued at about $995,000. Federated Hermes Inc. grew its stake in Victory Capital by 54.1% during the 2nd quarter. Federated Hermes Inc. now owns 270,472 shares of the company’s stock valued at $12,910,000 after purchasing an additional 94,943 shares in the last quarter. Finally, Argent Capital Management LLC increased its holdings in Victory Capital by 10.1% during the 2nd quarter. Argent Capital Management LLC now owns 103,352 shares of the company’s stock worth $4,933,000 after purchasing an additional 9,478 shares during the last quarter. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on VCTR. Barclays increased their target price on Victory Capital from $59.00 to $69.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Morgan Stanley increased their price objective on shares of Victory Capital from $60.00 to $64.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. boosted their target price on shares of Victory Capital from $45.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. The Goldman Sachs Group increased their price target on shares of Victory Capital from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, Bank of America boosted their price objective on Victory Capital from $58.00 to $59.00 and gave the company a “buy” rating in a report on Monday, August 12th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Victory Capital presently has an average rating of “Moderate Buy” and an average target price of $63.67.

Victory Capital Price Performance

VCTR opened at $68.36 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. The company’s 50-day moving average price is $59.78 and its 200 day moving average price is $53.92. Victory Capital Holdings, Inc. has a fifty-two week low of $31.18 and a fifty-two week high of $70.56. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 0.60 and a beta of 0.90.

Victory Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.57%. This is a boost from Victory Capital’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Monday, December 9th. Victory Capital’s dividend payout ratio is presently 40.80%.

Victory Capital Profile

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers investment advisory, fund administration, fund compliance, fund transfer agent, fund distribution, and other management services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.